• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
A 3D-printed miniature model depicting U.S. President Donald Trump, Iran flag and word "Sanctions" in this illustration createdApril 17, 2025. Dado Ruvic/Illustration
A 3D-printed miniature model depicting U.S. President Donald Trump, Iran flag and word "Sanctions" in this illustration createdApril 17, 2025. Dado Ruvic/Illustration
Home
Business
Energy

US imposes Iran-related sanctions on third China 'teapot' refinery, port terminal

May 8th, 2025 | 14:34 PM BUSINESS Energy 2

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

EU not concerned about gas supply or storage filling, Commission says
Oil gains on Middle East supply concerns amid impasse in US-Iran war
Brazil's largest thermal power plant shut down after equipment failure
SLB, Formentera working to activate drilling rigs in Venezuela, executives say
By Timothy Gardner, Ismail Shakil

U.S. President Donald Trump's administration on Thursday imposed sanctions on a third Chinese independent - or "teapot" - oil refinery, and port terminal operators in China for purchases of Iranian oil.

The U.S. Treasury designated the Hebei Xinhai Chemical Group refinery and three companies for operating a terminal at Dongying Port in Shandong Province. It said they had purchased or facilitated the delivery of hundreds of millions of dollars worth of Iranian oil.

It was the latest independent Chinese refinery targeted by the Trump administration after it re-imposed a policy of "maximum pressure" that aims to cut off Iran's export revenue to pressure Tehran into a deal to curb its nuclear program and stop the funding of militant groups across the Middle East.

"So long as Iran attempts to generate oil revenues to fund its destabilizing activities, the United States will hold both Iran and all its partners in sanctions evasion accountable," the U.S. Treasury said in a statement.

Previous sanctions imposed on two small Chinese refiners for buying Iranian oil have created difficulties in receiving oil, leading them to halt purchases of crude and sell product under other names, sources familiar with the matter said.

Those sanctions have also begun to deter other, larger independent Chinese refiners from buying Iranian crude, three of the sources said.

Iran's U.N. mission in New York and China's embassy in Washington did not immediately respond to requests for comment.

The companies Treasury designated for operating the port terminal were Baogang (Dongying Donggang) Logistics and Warehousing Co, Ltd, Shandong Jingang Port Co, Ltd, and Shandong Baogang International Port Co, Ltd.

Treasury said the companies operate a terminal in Dongying Port that has received more than one million barrels of Iranian oil from shadow fleet tankers.

The sanctions block U.S. assets of those designated and prevent Americans from doing business with them.

  • Topic
  • USA
  • IRAN/SANCTIONS (UPDATE 1)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article EU not concerned about gas supply or storage filling, Commission says

Related Posts

Energy
August 20th, 2026

EU not concerned about gas supply or storage filling, Commission says

Energy
August 20th, 2026

Oil gains on Middle East supply concerns amid impasse in US-Iran war

Energy
August 19th, 2026

Brazil's largest thermal power plant shut down after equipment failure

Energy
August 19th, 2026

SLB, Formentera working to activate drilling rigs in Venezuela, executiv...

Energy
August 19th, 2026

Hungary's nuclear plant avoids shutdown as water level expected to stay ...

Energy
August 19th, 2026

LG Energy, once fixed on EV batteries, jumps to Plan B

The Wire
Aug 20th 1 h ago
Americas

Brazil to keep fiscal framework, spending restraint under n...

Aug 20th 1 h ago
Asia Pacific

Bangladesh elects ruling party veteran Alamgir as president

Aug 20th 1 h ago
Europe

Romania destroys marine drone near Neptun Deep gas project,...

Aug 20th 1 h ago
World

Kremlin says ousted Ukrainian minister's call for elections...

Aug 20th 1 h ago
Middle East

US envoy Huckabee tells Israeli settlers not to take Palest...

TRENDING ON FINANCETIME
Aug 20th, 2026 Energy

EU not concerned about gas supply or storage filling, Commission says

Aug 20th, 2026 Litigation

Novonesis expects results from weight-loss drug supplement study in 2027

Aug 20th, 2026 Retail & Consumer

Ocado confirms Denmark's nemlig as latest European partner

Aug 20th, 2026 Government

Bitcoin, crypto shares climb after Trump pushes Clarity Act

Aug 20th, 2026 Business

Walmart reports rare comparable sales miss as consumers cut spending, shares fall

Markets-Sectors
BASIC MATERIALS +1.43%
UTILITIES +0.00%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT